Answer:
a. the buyer’s consumer surplus for that good is maximized.
Explanation:
The consumer will purchase up to the moment at whose preference price matches the market price.
Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.
Answer:
Actual unitary variable cost= $59.2
Explanation:
Giving the following information:
Your company is reviewing a project with estimated labor costs of $20.20 per unit and estimated raw material costs of $36.18 a unit.
F<u>irst, we need to calculate the estimated total unitary variable cost:</u>
Unitary variable cost= 20.2 + 36.18= $56.38
<u>Now, the actual variable cost:</u>
Actual unitary variable cost= 56.38*1.05
Actual unitary variable cost= $59.2
Answer:
compound property or properties are most involved in the process of chromatography.
Dyes have different Rf values because they travel on plates at different rates.
All dyes changed color because they are acid/base indicators.
Answer:
A. the use of the least-cost method of production
Explanation:
productive efficiency occurs when a good or a service is produced at the lowest possible cost. In simple terms, the concept is illustrated on a production possibility frontier (PPF), where all points on the curve are points of productive efficiency.